Stevedore strike at tornio beginning to have impact on Outokumpu output
The strike of the Finnish stevedores (AKT) has started to impact Outokumpu's operations in Röyttä harbour in Tornio. All operations in the harbour have currently stopped.
Immediately after the start of the strike on March 4, Outokumpu managed to secure operation of the private part of the harbour with the help of sub contractors. Outokumpu is currently not able to carry out these arrangements.
This will consequently have an impact on Outokumpu's deliveries of stainless steel and on the supply of raw materials. It is estimated that within a week, production of stainless steel and ferrochrome would stop in Tornio. If production would totally cease, the financial impact of the strike on Outokumpu's result is estimated to be some EUR 1 million per day.
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